"Who do you work with?" One of the guys from the investment bank asks the manager of a new hedge fund.
"Goldman Sachs, and I hate them," the hedge fund guy says.
It's a common sentiment here at the Skybridge Alternatives conference.
I heard it a lot more vocally last year, when Goldman was locked in a fight with the SEC over its Abacus trades. This year the complaints are a little quieter but just as ubiquitous.
"No one even reports on this anymore. What are you going to say? Goldman are arrogant front-runners who tear the faces off their clients?" the hedge fund guy said to a reporter who was considering hoarding the rapidly shrinking supply of Red Bull.
So why be a customer of Goldman Sachs?
"So they might rip my face off, but at least they want me to survive. If I go to Bank of America or Deutsche or Credit Suisse , Goldman will just assassinate me," the hedge funder said.
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